Live Symphony Share Price Chart

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H 999

L 999

VOL 191

Symphony Performance

Days Range

Low: ₹997.00
High: ₹1,019.00
Previous Close ₹998.45
Open ₹999.00
Volume 1,78,005
Day’s Range ₹997.00 - ₹1,019.00
52W Range ₹820.00 - ₹1,020.20
Market Cap ₹6,986.38 Cr

Symphony Fundamentals

ROCE (TTM) 20.81
P/E Ratio (TTM) 47.21
P/B Ratio 9.33
Industry P/E 89.52
Debt to Equity 0.23
ROE 19.76
EPS (TTM) 21.68
Dividend Yield 1.3
Book Value 108.59
Face Value 2

Symphony Financials

Jun 2023Sep 2023Dec 2023Mar 2024
Net Sales302275247332
Expenses283241209281
Profit before tax30435058
Operating Profit24354148
Net Profit24354148
EPS in Rs3.735.065.917.02

About Symphony

History

Symphony pioneered branded air coolers in India in 1988. Thereafter, the company went public in 1994. In 1999-2000, the company successfully launched 4 new models in the air cooler category, e.g. Sumo, Ninja, Mini Sumo and S-4700. In fact, the company’s air coolers found entry into the Guinness Book of World Records. It had developed the world’s largest working model of an air cooler, which was 14 feet in height.

In 2005, Symphony launched the first-ever cooler that had 4-side cooling. In 2008, the company introduced coolers with power-saving technology. In 2009, Symphony acquired IMPCO, the company that had originally introduced the air cooler to the world. In 2010, the company introduced Central Air Cooling Solutions, and it also became India’s largest commercial air cooling project. Another first initiative of Symphony was to define the cooling capacity of air coolers in terms of tons of cooling, as in air-conditioning.

In 2019, the company introduced a range of portable commercial air coolers as well as the world’s first universal air coolers manufactured in India. The following year, it launched a wide range of accessories for industrial and commercial air coolers. The company also launched 19 new models in FY 2022-23.

Business Segments

In accounting terms, the company has 2 reportable segments, viz. ‘Aircooling and other appliances’ and ‘Corporate Funds’. However, 97% of the firm’s revenue comes from the first. Geographically, 66% of its revenue comes from India, while the rest comes from the rest of the world.

In terms of products, the company offers the following categories:

  1. Household Air Coolers – These are coolers for house rooms. Models include the Windblast 70 XL Desert Air Cooler, Sumo 75 XL DD SP2, etc.
  2. Commercial Air Coolers – These are large space commercial coolers such as the Movicool L 65-S Commercial Cooler (65-litres).
  3. Large Space Venti-Cooling – Designed for open and semi-open spaces, this category serves textile, petrochemical and showrooms.
  4. Tower Fans – These are useful inside the house, such as drawing room, study, kitchen, etc.

Subsidiaries

The company has 6 overseas subsidiary companies:

  1. IMPCO S. de R. L. de C.V. (IMPCO) – This subsidiary takes care of the operations in Mexico.
  2. Guangdong Symphony Keruilai Air Coolers Co. Ltd., China (GSK)  – This subsidiary takes care of the operations in China.
  3. Symphony AU Pty Limited, Australia (SAPL)  – This subsidiary takes care of the operations in Australia.
  4. Climate Technologies Pty Limited, Australia (CT)  – This subsidiary takes care of the operations in Australia.
  5. Bonaire USA LLC, USA (BUSA)  – This subsidiary takes care of the operations in the US.
  6. Symphony Climatizadores Ltda., Brazil (SCL)  – This subsidiary takes care of the operations in Brazil.

All subsidiaries are wholly owned subsidiaries of the Company.

Key Personnel

Achal Bakeri, Founder, Chairman and Managing Director

Mr Achal Bakeri, a game-changer in the environmentally friendly products industry, is the founder of the world’s largest air cooling company. In 1988, he founded Symphony Limited with the aim to provide economically viable cooling accessible to all. Driven by a design thinking approach, Achal has led Symphony to be a pioneer in the industry, dominating the maximum market share over the years. 

Corporate Actions

The following are the corporate actions undertaken by the company in recent times:

Stock Split

The company recently split its stock from ₹10 to ₹2 per share with a record date of February 17, 2012.

Bonus Issue

The company issued bonus stocks at a ratio of 1:1 with a record date of September 15, 2016.

Buyback of Shares

The company conducted a buyback of its shares with a record date of March 29, 2023.

Mergers and Acquisitions

  • Symphony acquired Climate Change Technologies-Australia and Bonaire-USA in 2018. 
  • In 2015, the company performed the acquisition of Keruilai.
Parent Organisation Indian Private
Founded 1988
Managing Director Achal Bakeri
NSE Symbol SYMPHONY

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Symphony FAQs

What is the Share price of Symphony (SYMPHONY)?

Symphony (SYMPHONY) share price as of May 24, 2024, on NSE is Rs 1,013.05 (NSE) and Rs 1,013.15 (BSE) on BSE.

Can I buy Symphony (SYMPHONY) shares?

Yes, You can buy Symphony (SYMPHONY) shares by opening a Demat account with Angel One.

How do I buy Symphony (SYMPHONY) from Angel One?

Symphony (SYMPHONY) share can be brought through the following modes:
  1. Direct investment: You can buy Symphony (SYMPHONY) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Symphony (SYMPHONY) shares.

Is Symphony a Debt free Company?

Symphony is virtually a debt free company.

What is the main business of Symphony?

Symphony manufactures and trades commercial, residential, and industrial air coolers in local and international markets.

Who are the promoters of Symphony?

Achal Anil Bakeri, Sanskrut Tradecom Private Limited, and Rupa Achal Bakeri are the major promoters of Symphony.

What are the Subsidiaries that comes under Symphony?

IMPCO S. de R. L. de C.V., (IMPCO), Mexico, Guangdong Symphony Keruilai Air Coolers Co. Ltd., China, Symphony AU Pty Limited, Australia are the few subsidiaries that come under Symphony.